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SOUTH PORTLAND, ME-Fairchild Semiconductor International begins construction on an 800,000-sf manufacturing and automated warehouse facility in Suzhou, China. The building is a key part of the company's expansion plans into Asia.
LONDON-Leeds has seen its largest single office investment deal as clients of Close Brothers paid Pounds 36.56 million ($52 million) for 1 Sovereign Street.
MIAMI-The federal court class action suit charges the common stock of the 72-unit, Pompano Beach, FL-based restaurant chain dropped from $6.87 per share to 60 cents per share on the Over-the-Counter Bulletin Board from July 6, 1999 to Sept. 10, 2001. Pompano Beach is 30 miles north of Downtown Miami.
AUSTIN-Slowly, but surely a turn-around is coming for Austin-based USOL Holdings. Its US OnLine subsidiary has pushed up revenue to $3.9 million from 2000's $2.8 million while pushing down the loss factor to $3.6 million from $9.6 million.
NEW YORK CITY-Five watchdog groups will rally in protest of corporate tax breaks aimed at keeping businesses from leaving town. Organizers say accountability must be injected into the process of subsidizing firms to keep them from abandoning Lower Manhattan.
SAN DIEGO-The development team behind a failed effort to build a cargo airport in Otay Mesa has filed a $121 million claim against the city of San Diego to recover losses.
DUBLIN, CA-Cartoonist Scott Adams has signed a 6,300-sf lease at the newly developed Shops at Waterford for a new restaurant in cooperation with restaurateur Stacey Belkin.
LONDON-US investment in Europe recorded its lowest level since 1997, according to Ernst & Young's <I>European Investment Monitor</I>. US Corporate investment in Europe fell 26% on 2000.
BOULDER, CO-Noodles & Co. founder Aaron Kennedy tells GlobeSt.com he might have gotten a 30% discount at an office complex, but chooses 23,000 sf at 2950 Pearl St. because it better fits the corporate culture.